Located in Lake County, Leesburg, Florida, The Lakefront City, is in the heart of Florida between Lake Harris and Lake Griffin, approximately one hour north of Orlando. The population has sustained continued growth over the last fifteen years and forecasts predict an annual increase of 2% per year over the next five years. Projections for 2017 predict that 60.5% of the population will be over the age of 55.
The property is ideally located just southeast of the Leesburg Regional Medical Center (LRMC), a 322 bed acute care hospital, which is the 4th largest hospital in central Florida. In 2011 the hospital made a $5,000,000 renovation to their facility, which included a new roof, windows and upgrading patient private rooms and they recently completed a $29,000,000 expansion of their emergency department. The LRMC serves a vast number of residents from Lake, Sumter and Marion counties, specializing in Cardiac, Oncology and Orthopedic services. The LRMC has been a catalyst for a large concentration of medical service and ancillary medical providers within the region, including Mid Florida Prosthetics & Orthopedics, Central Florida Oncology & Hematology, MRI of Central Florida, Clare Bridge Alzheimer & Dementia Care and DaVita Leesburg Dialysis Centers.
Royal Palms is an excellent opportunity for a developer to acquire an approved mixed use PUD in a growing market for the development of 250 apartments.
